Profitect

Company Overview

Snapshot

Founded in January 2005 by Omer Matityahu and David Even-Haim, Profitect operated with 11–50 employees. The company raised $10.22 million across 4 funding rounds from 4 investors. Profitect was acquired by Zebra Technologies Corp. in May 2019.

Business overview

Profitect Technologies delivers prescriptive analytic solutions designed for retailers to enhance revenue and reduce costs throughout the retail supply chain. The company's software utilizes pattern-seeking algorithms to pinpoint the root causes of anomalies such as inventory distortion, on-shelf availability, shrink, waste, damage, and process non-compliance. By translating these insights into actionable steps, Profitect helps retailers identify and address controllable factors, operating within the Enterprise Solutions sector and targeting the Commerce & Retail customer segment.

Strategic signal

This acquisition highlights the strategic value of Profitect's prescriptive analytics in the retail sector, signaling a consolidation trend where larger technology providers are integrating specialized AI and analytics capabilities to offer comprehensive solutions for supply chain optimization and operational efficiency.

Company Intelligence Q&A

What was a significant strategic development for Profitect?

Profitect was acquired by Zebra Technologies Corp. in May 2019, marking a key exit for the company and integrating its retail analytics capabilities into a larger enterprise.

When did Profitect receive investment from Motorola Solutions Venture Capital?

In April 2014, Profitect received an investment from Motorola Solutions Venture Capital.

Which investors participated in Profitect's October 2009 funding round?

In October 2009, Profitect received funding from Genesis Partners and Cedar Fund.

What was a key partnership announced by Profitect in early 2019?

In February 2019, Profitect partnered with Sobeys Inc. to implement its solutions.

What recognition did Profitect receive in January 2019?

In January 2019, Profitect was voted a top software vendor by retailers across 15 categories in the RIS Software LeaderBoard.